Insights on the Sodium Tripolyphosphate Global Market to 2027 – Growing Importan… – Press Release

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The “Sodium Tripolyphosphate – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

The global market for Sodium Tripolyphosphate estimated at US$2 Billion in the year 2020, is projected to reach a revised size of US$2.5 Billion by 2027, growing at a CAGR of 2.8% over the analysis period 2020-2027.

Synthetic Detergent, one of the segments analyzed in the report, is projected to grow at a 3.4% CAGR to reach US$672.9 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Food Additive segment is readjusted to a revised 3.8% CAGR for the next 7-year period. This segment currently accounts for a 25.4% share of the global Sodium Tripolyphosphate market.

The U.S. Accounts for Over 21.3% of Global Market Size in 2020, While China is Forecast to Grow at a 3.8% CAGR for the Period of 2020-2027

The Sodium Tripolyphosphate market in the U.S. is estimated at US$432.7 Million in the year 2020. The country currently accounts for a 21.27% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$668.3 Million in the year 2027 trailing a CAGR of 3.8% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.6% and 1.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.5% CAGR while Rest of European market (as defined in the study) will reach US$668.3 Million by the year 2027.

Water Treatment Segment Corners a 18.3% Share in 2020

In the global Water Treatment segment, USA, Canada, Japan, China and Europe will drive the 2.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$313.3 Million in the year 2020 will reach a projected size of US$372.5 Million by the close of the analysis period. China will remain among the…

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